HDC CONSULT
ActiveSummary
HDC CONSULT has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €127,111 and a net result of €81,762. Equity is growing by ~4.7% per year across the filed fiscal years. Its solvency ranks better than 51% of 12788 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency83▼-1
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €11,000 at 30 days acceptable
Liquidity ample (current ratio 2.31 against 2.27 in 2024; short-term debt: 41.7% and cash: 87.6% of total assets), and 42.1% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 69
Relative position
BE, all sectors
reference
Legal and accounting activities (NACE 69)
about 77% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
57.9%
Return on assets
37.3%
Age of the figures
10 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-11-2025 was due by 30-06-2026 and was filed on 03-04-2026, 88 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
88 d early
2024
87 d early
2023
70 d early
2022
91 d early
2021
92 d early
2020
86 d early
2019
67 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 83 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-11-2026 and is due by 30-06-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today30-11-2026 close30-06-2027 deadline
History
Go further with this company
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Financials · fiscal year 2025, micro schema
Equity
€127,111▲ 5.6%
2024 · €120,349
Total assets
€219,427▲ 8.1%
2024 · €203,053
Net result
€81,762▲ 7.5%
2024 · €76,073
Working capital
€119,727▲ 15.5%
2024 · €103,688
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€67,107▼ 0.4%€61,758▼ 8.0%€79,639▲ 29.0%€100,345▲ 26.0%€102,167▲ 1.8%
Net result€51,970▼ 6.8%€46,591▼ 10.4%€59,714▲ 28.2%€76,073▲ 27.4%€81,762▲ 7.5%
Equity€103,972▲ 1.9%€104,562▲ 0.6%€104,276▼ 0.3%€120,349▲ 15.4%€127,111▲ 5.6%
Total assets€210,209▼ 5.5%€190,211▼ 9.5%€202,052▲ 6.2%€203,053▲ 0.5%€219,427▲ 8.1%
Debt€106,238▼ 11.7%€85,649▼ 19.4%€97,776▲ 14.2%€82,704▼ 15.4%€92,315▲ 11.6%
Working capital€76,540▲ 21.1%€74,418▼ 2.8%€85,539▲ 14.9%€103,688▲ 21.2%€119,727▲ 15.5%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 2% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €219,427
Fixed assets
€8,235 ▼ 52.9%
Current assets
€211,192 ▲ 13.8%
Equity and liabilities €219,427
Equity
€127,111 ▲ 5.6%
Debt
€92,315 ▲ 11.6%
Debt's share of the balance-sheet total rises from 40.7% to 42.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€111,425▼
2024 · €115,084
Cash flow
€91,020▲
2024 · €90,812
Current ratio
2.31▲
2024 · 2.27
Debt to equity
0.73▲
2024 · 0.69
ROE
64.3%▲
2024 · 63.2%
ROA
37.3%▼
2024 · 37.5%
Interest coverage
1494.43▲
2024 · 1460.64
Debt ≤ 1 year
€91,465▲
2024 · €81,873
Income taxes
€21,120▼
2024 · €24,471
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,324 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.4%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 31,324 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €15,992 | €15,992 | €16,496 | €14,739 | €9,258 | ▼ 37.2% |
| Other operating charges640/8 | - | €864 | €546 | €783 | €711 | ▼ 9.1% |
| Gross operating margin9900 | €83,636 | €78,615 | €96,681 | €115,866 | €112,136 | ▼ 3.2% |
| Operating profit (loss)9901 | €67,107 | €61,758 | €79,639 | €100,345 | €102,167 | ▲ 1.8% |
| Financial income75/76B | - | - | €20 | €278 | €789 | ▲ 184% |
| Recurring financial income75 | €1 | - | €20 | €278 | €789 | ▲ 184% |
| Financial charges65/66B | - | €777 | €367 | €79 | €75 | ▼ 5.4% |
| Recurring financial charges65 | €1,113 | €777 | €367 | €79 | €75 | ▼ 5.4% |
| Profit (loss) for the period before taxes9903 | €65,996 | €60,981 | €79,293 | €100,544 | €102,882 | ▲ 2.3% |
| Income taxes67/77 | €14,026 | €14,390 | €19,579 | €24,471 | €21,120 | ▼ 13.7% |
| Profit (loss) for the period9904 | €51,970 | €46,591 | €59,714 | €76,073 | €81,762 | ▲ 7.5% |
| Profit (loss) for the period to be appropriated9905 | €51,970 | €46,591 | €59,714 | €76,073 | €81,762 | ▲ 7.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €210,209 | €190,211 | €202,052 | €203,053 | €219,427 | ▲ 8.1% |
| Fixed assets21/28 | €50,831 | €34,839 | €22,537 | €17,492 | €8,235 | ▼ 52.9% |
| Tangible fixed assets22/27 | €50,831 | €34,839 | €22,537 | €17,492 | €8,235 | ▼ 52.9% |
| Land and buildings22 | - | €2,444 | - | - | - | - |
| Plant, machinery and equipment23 | - | €220 | €1,529 | €1,219 | €909 | ▼ 25.4% |
| Furniture and vehicles24 | - | €32,175 | €21,008 | €16,274 | €7,326 | ▼ 55.0% |
| Current assets29/58 | €159,378 | €155,373 | €179,516 | €185,561 | €211,192 | ▲ 13.8% |
| Amounts receivable within one year40/41 | €17,753 | €18,405 | €20,821 | €17,887 | €16,226 | ▼ 9.3% |
| Trade receivables40 | - | €18,405 | €20,821 | €17,887 | €16,226 | ▼ 9.3% |
| Cash at bank and in hand54/58 | €136,485 | €133,186 | €154,456 | €165,247 | €192,255 | ▲ 16.3% |
| Deferred charges and accrued income490/1 | - | €3,781 | €4,238 | €2,426 | €2,711 | ▲ 11.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €210,209 | €190,211 | €202,052 | €203,053 | €219,427 | ▲ 8.1% |
| Equity10/15 | €103,972 | €104,562 | €104,276 | €120,349 | €127,111 | ▲ 5.6% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €60,860 | €60,860 | €61,860 | €61,860 | €61,860 | = |
| Non-distributable reserves130/1 | - | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | - | €1,860 | - | - | - | - |
| Distributable reserves133 | - | €59,000 | €61,860 | €61,860 | €61,860 | = |
| Profit (loss) carried forward14 | €24,512 | €25,102 | €23,816 | €39,889 | €46,651 | ▲ 17.0% |
| Amounts payable17/49 | €106,238 | €85,649 | €97,776 | €82,704 | €92,315 | ▲ 11.6% |
| Amounts payable after more than one year17 | €23,399 | €3,839 | - | - | - | - |
| Financial debts170/4 | - | €3,839 | - | - | - | - |
| Amounts payable within one year42/48 | €82,838 | €80,954 | €93,976 | €81,873 | €91,465 | ▲ 11.7% |
| Current portion of amounts payable after more than one year42 | - | €12,061 | €3,839 | - | - | - |
| Trade debts44 | €2,909 | €2,650 | €5,193 | €732 | €3,148 | ▲ 330% |
| Suppliers440/4 | - | €2,650 | €5,193 | €732 | €3,148 | ▲ 330% |
| Taxes, remuneration and social security45 | - | €11,752 | €16,590 | €17,549 | €12,341 | ▼ 29.7% |
| Taxes450/3 | - | €11,752 | €16,590 | €17,549 | €12,341 | ▼ 29.7% |
| Other amounts payable47/48 | - | €54,490 | €68,354 | €63,592 | €75,976 | ▲ 19.5% |
| Accrued charges and deferred income492/3 | - | €856 | €3,800 | €830 | €851 | ▲ 2.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €51,970 | €46,591 | €59,714 | €76,073 | €81,762 | ▲ 7.5% |
| + Depreciation and write-downs630 | €15,992 | €15,992 | €16,496 | €14,739 | €9,258 | ▼ 37.2% |
| Operating cash flow (approximation) | €67,963 | €62,583 | €76,209 | €90,812 | €91,020 | ▲ 0.2% |
| Investment in fixed assets (approximation) | - | €0 | -€4,194 | -€9,694 | €0 | ▲ 100% |
| Change in cash | - | -€3,299 | €21,270 | €10,791 | €27,008 | ▲ 150% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
03-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-11
Financial
Highest result since 2018net €81,762 ▲7.5%
Operating result €102,167, net result €81,762, both a record.
04-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
21-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-03
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
05-04
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-11
Financial
Equity above €100,000Eq €102,001 ▲6%
3 profitable years in a row build equity to €102,001.
24-04
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
28-04
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
20-04
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
28-04
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Kampenhout · 1 establishment unit since 1990
Ground area
3,109 m²
Building footprint
209 m²
Volume, LiDAR
974 m³
Parcel 23038C0037/00D000, Flanders · tallest building 8.0 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Heideweg 20, 1910 Kampenhout
since 19902.124.979.196
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23038C0037/00D000 | Flanders | 3,109 m² | 1 · 209 m² | 8.0 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 3,056 EUR awarded · 3,086 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 824 EUR | 824 EUR |
| 2024 | 1 | 821 EUR | 821 EUR |
| 2023 | 1 | 680 EUR | 710 EUR |
| 2022 | 1 | 731 EUR | 731 EUR |
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Of 12,174 companies in sector 69201 we hold annual accounts for 7,638. 6,527 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded10-03-1990
Fiscal year end30-11
Activities, NACEBEL 2025
69201Certified accountants and tax accountants
E-invoicing
Reachable via Peppol
Peppol ID
0208:0440084050
Registered
27-03-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.